Accelerate Oil and Gas Transformation
with IBM Watson


IBM Watson for Natural Resources Innovation Program
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The Oil and Gas Industry is Experiencing Major Disruption

Advancing transformation is key to thriving in the current market economy

Monthly average: Crude Oil (WTI) US$ PBL

Created with Sketch. 30 60 90 120 2013 2014 2015 2016 2017

*Source: Haver Analytics, RBC Economics Research

Price collapse, increased regulatory pressures and the projected low carbon economy are driving the necessity for oil and gas transformation. The IBM Watson for Natural Resources Innovation program will accelerate transformation to help breakdown operational boundaries and siloed work processes, enabling rapid scalability and maximum ROI on industry technology investments.

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Transformation Drives Operational Performance and ROI

Disrupt conventional business models and unleash opportunity with advanced technologies


Our client accelerated upstream oil and gas basin exploration, discovery and production through improved accuracy in seismic modeling capacity.

Return on investment
Reduced the time required to run seismic algorithms by 80 percent, significantly accelerating time to reach first oil.
Location: Europe



Drilling

Our client reduced oil and gas drilling costs.

Well optimization

Our client improved rate and phase calculations.


Our client improved their oil and gas upstream production targets through increased equipment reliability with advanced analytics.

Return on investment
Achieved 87 percent accuracy - and 48 hour warning - before potential equipment failures.
Location: Australia



Planning and forecasting

Our client accelerated accurate forecasting.

Engineering decision-making

Our client harnessed 30 years of engineering project data.


Our client gained near real-time data insights powered by advanced analytics to make better market decisions.

Return on investment
Reduced the time required to produce accurate reports by 99 percent, increasing profitability and overall margin transparency.
Location: USA



Energy consumption optimization

Our client reduced their energy consumption.

Sustained operations

Our client increased their operational uptime.

IBM Watson for Natural Resources Innovation Program

Advance transformation at high-speed and scale

Download The IBM Watson for Natural Resources magazine to get an in-depth view of the innovation program and gain an understanding of the advisor strategy framework, timelines and expected value.

Woodside Energy: Oil and gas transformation powered by IBM Watson

Accelerating engineering expertise and decision-making

Explore Watson at work: Woodside natural gas plant 360

Seventy miles from shore with Watson: Woodside and IBM Watson

Flotek Industries: Improving Oil and Gas Recovery in Reservoirs

Reservoir Cognitive ConsultantTM — Powered by IBM Watson

Flotek Industries CEO John Chisholm: Making the business case for IBM Watson

Flotek Industries: Enhanced oil and gas well performance and recovery powered by IBM Watson

Are you an Industry outperformer?

A subset of the most financially successful chemicals and petroleum organizations around the world are employing cognitive capabilities like IBM Watson differently. Find out what they’re doing and what you can learn from their success.